Belgium's tax breaks for multinationals illegal: EU

Brussels

THE EU on Monday said tax breaks that Belgium offered to major multinationals, including beer giant AB InBev and British American Tobacco were illegal and ordered the companies to return 700 million euros (S$1.1 billion) in unpaid taxes.

The case is the latest in the wake of last year's "Luxleaks" scandal, which revealed details of tax breaks given to dozens of major firms in Luxembourg when current European …